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ZAGG Inc (OTCBB: ZAGG), a leading producer of protective coverings and accessories for consumer electronics, announced that they will be attending two important industry events in January 2008: International CES in Las Vegas, and Macworld Conference and Expo in San Francisco. ZAGG will be hosting booths at both shows to present their flagship product, the invisibleSHIELD.
"The opportunities for finding new products and creating major alliances are tremendous at these events," said Robert G. Pedersen II, ZAGG's CEO and President. "This will be our fourth year exhibiting at Macworld, and our first at CES, and we anticipate making great new contacts and meeting with customers, partners, and shareholders at both shows."
ZAGG's invisibleSHIELD is a lightweight adhesive film cover designed to protect high-performance electronic devices, such as mobile phones, PDAs, gaming devices and laptops. The invisibleSHIELD applies directly to the device, eliminating the need for bulky external cases while still providing a level of protection so strong it is backed by a lifetime guarantee. ZAGG's full catalog of over 1,500 invisibleSHIELD designs, the RockStic speaker system, and line of electronics accessories are available on the primary shopping website at www.invisibleshield.com.
ZAGG Inc designs, produces and distributes protective coverings for consumer electronic and hand-held devices under the brand name invisibleSHIELD, primarily in the United States and Europe. The patent-pending invisibleSHIELD is a protective, high-tech film covering, designed for iPods, laptops, cell phones, PDAs, watch faces, gaming devices, digital cameras, and other items. The invisibleSHIELD is the first scratch protection solution of its kind on the market. Currently, ZAGG offers over 1,500 designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company plans to increase its product lines to offer electronic accessories, including an exclusive line for iPod, and an expanded array of invisibleSHIELD products for other industries.
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Acrongenomics Inc. (OTCBB: AGNM) announced that it has appointed London based De Facto Communications to manage its public and investor relations from January 2008. De Facto's appointment is a key part of the strategy to finalise the development and commercialisation of the point-of-care diagnostic device that the Company is in the process of fully acquiring. De Facto's role will be to continue to build the reputation of Acrongenomics with all stakeholders in Europe and North America as the Company completes its acquisition of Molecular Vision Limited and moves towards earning its first revenues.
In November 2007, Acrongenomics Inc. announced that they had signed a letter of intent for the acquisition of 100% of Molecular Vision Limited, ("Molecular Vision") a private U.K. company that specializes in the development of miniaturized Point-of-Care (POC) medical diagnostic devices. Molecular Vision was set up in 2002 by Professor Donal Bradley, Professor Andrew De Mello and Dr. John De Mello at Imperial College in the UK to converge technology in fluidics with technology in light emitting polymers to produce a patented diagnostic detection system that would be truly portable and well placed to exploit the growing demand for reliable and rapid diagnosis at the point of treatment. Under the terms of the Letter of Intent, the three academic founders, and their team will be part of Acrongenomics and continue to lead the development of the POC devices and technology at the merged company.
Acrongenomics has been working closely with Molecular Vision for some while now and previously entered into a Joint Development Agreement with the Company in May 2006 to acquire the exclusive rights to develop and commercialize existing intellectual properties relating to Molecular Visions' patented "BioLED" Technology including the fields of Kidney, Cardiovascular, Sexually Transmitted Diseases, and Drugs of Abuse biomarkers. The tremendous progress achieved by the team since the collaboration started, recently demonstrated by the detection of creatinine in urine using the POC device, let Acrongenomics move forward to acquire 100% of Molecular Vision.
Dr. Dimitri Goudis, CEO of Acrongenomics, Inc., commenting on the appointment of DeFacto said; "Following the very successful demonstration of the pilot system at Imperial College in October 2007, it was clear that Acrongenomics should commit itself to provide sufficient financing to make the Molecular Vision dream a reality. Finding the appropriate team to support us as we commercialise this exciting technology has been very important to us and we are delighted to be able to appoint the De Facto team."
Acrongenomics Inc. is a publicly traded company that focuses on investing in and commercializing novel technology platforms concerning the Life Sciences sector. Acrongenomics brings novel and realistic concepts to market by transforming scientific innovations into tangible, consumer-orientated applications.
De Facto Communications is one of Europe's most successful public relations consultancies in life science, healthcare and clinical trials marketing. In partnership with our clients, we approach our work with a passion and commitment that delivers award-winning, integrated communications programs based on effective strategy, original thinking and creativity. De Facto is headquartered in London and operates internationally with clients across Europe and the US. Further information on De Facto Communications can be found at http://www.defacto.com
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Earth Biofuels, Inc. (OTCBB: EBOF) announced that its subsidiary, Applied LNG Technologies, Inc. ("ALT"), has begun receiving regular deliveries of the output of renewable liquefied natural gas ("LNG") produced from a landfill site in Orange County, California.
Per the terms of a prior agreement, ALT has the first right to purchase one hundred percent of the nameplate capacity (5,000 gallons per day) production of the LNG facility which is owned by a wholly-owned subsidiary of Prometheus Energy Company at the Frank R. Bowerman Landfill. ALT markets the LNG to the Orange County Transportation Authority.
ALT's Vice President of Operations, Kevin Markey, said, "We are excited to incorporate renewable LNG from landfill gas into our growing California market. The demand for clean, transportation-grade LNG in California has never been higher."
Prometheus' Chief Operating Officer, Earl Franklin, added, "We are proud to have the first LNG production facility of its kind in operation and look forward to growing our relationship with ALT."
Solid waste landfills produce a 50% methane gas as a result of the decomposition of organic materials within the landfill. The Bowerman production facility is the first of its kind in the U.S. to commercially produce renewable vehicle-grade LNG from landfill gas.
Transportation grade LNG helps companies meet strict emission standards in the state of California. Vehicles fueled by the transportation grade LNG produce approximately one-sixth of the nitrous oxides (NOx) and up to 15 percent less greenhouse gases than comparable petroleum diesel fueled vehicles.
Earth Biofuels produces and distributes biodiesel fuel through wholesale and retail outlets. The fuel is sold under Willie Nelson's brand name, "BioWillie ." Earth Biofuels also produces and markets liquefied natural gas (LNG) through its subsidiary, ALT LNG. The Company is focused on meeting the growing demand for alternative and renewable fuels in the domestic market. The Company's website is www.earthbiofuels.com.
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Asia Properties, Inc. (API) (Pink Sheets: ASPZ) announced that it has engaged a new SEC law firm and a new auditor for the Company.
"API is pleased to announce that we have engaged the services of Dietrich & Associates Law Office, based in Los Angeles, California to advise and handle all our SEC filing issues," said API's CEO Daniel McKinney. "This law firm has an excellent reputation with a wealth of experience in dealing with SEC matters and I believe the Company will be well represented by their lawyers," added McKinney.
API also announced the appointment of a new SEC auditing firm: JTC Fair Song, based in Hong Kong. API's CEO commented on this appointment: "We feel that it is most important for our auditing firm to be based near our Hong Kong offices so we can execute timely disclosures of our financials in order to become fully reporting and I believe that JTC is not only capable, but is also committed to serving API in a timely and professional manner."
"For the past 6 months API has been working diligently towards become a fully reporting company and to move the trading of our shares off the Pink Sheets and onto a listed exchange. By retaining these two professional firms, the Company has taken two major steps forward in achieving this goal," added McKinney.
About Asia Properties, Inc.: Asia Properties, Inc. was established to develop resorts and prime real estate in Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ." There are currently 39,115,112 fully diluted shares consisting of 16,672,740 free trading and 22,357,376 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.
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IceWEB, Inc. (OTCBB:IWEB) announced that it has completed the acquisition of INLINE Corporation ("INLINE") , a privately held company recognized as a leader in the manufacturing of cutting-edge intelligent enterprise data storage solutions. INLINE is expected to generate 2008 revenue of approximately $8 million to $10 million and contribute significantly to earnings. INLINE also provides IceWEB with the ability to deliver in excess of $50 million of enterprise class data storage products to the end user and OEM marketplace.
INLINE's proprietary products include reliable, high performance Storage Area Network Solutions, Network Attached Storage, and Direct Attached Storage and the rapidly expanding OEM Storage Centric Appliances. Today, INLINE has developed its fifth generation of advanced data storage solutions, marketed under the brands TruEnterprise and FileStorm. All INLINE systems function in a heterogeneous operating system environment, including Windows, Unix and Linux.
Since its founding in 1994, INLINE has provided leading edge data storage solutions to the corporate enterprise, secondary education and government markets. Its customers have included high-flying, high-tech start-ups, old economy blue chips, federal agencies and leading educational institutions, such as America Online, Boeing, ESRI, Lockheed Martin, Sprint, Verio, Yahoo!, and many other U.S. Federal Government agencies in both Civilian and Defense, Duke University, MIT and John Hopkins University, among numerous others.
According to John R. Signorello, Chairman and CEO of IceWEB, "This acquisition will now allow IceWEB to offer customers proprietary, high-margin data storage products and will position the Company as a rapidly growing participant in one of the hottest growth areas in today's IT arena, particularly in the government and enterprise sectors. Over the past year, we have spent considerable time carefully assessing established leaders in this space in hopes of identifying potential strategic partners and/or attractive acquisition candidates. With our purchase of INLINE, IceWEB is now ideally positioned to drive notable revenue growth, enhance overall profit margins on sales and promote international sales opportunities for IceWEB. Additionally, IceMAIL, IcePORTAL and IceSECURE will be migrated into the INLINE family of servers and storage devices, giving our customers a one-stop-shop for secure networking, disaster recovery and expansive on-the-fly storage. We are very excited about this new business initiative and have high expectations that it will contribute measurably to our growth in 2008 and beyond."
Additional details on the transaction can be found in an 8-k filing the Company expects to make with the Securities and Exchange Commission.
About INLINE Corporation For well over a decade, INLINE Corporation has been the leading manufacturer of high value, competitively priced, intelligent data storage solutions designed to solve specific storage-centric IT challenges. Based within Northern Virginia's high-tech corridor, just outside Washington, DC, the Company provides government, commercial customers and universities with top-performing, reliable storage, information management and infrastructure systems specifically engineered to perform within their respective IT environments. INLINE is the proud recipient of Deloitte & Touche Technology Fast 500 recognition as well as the Technology Fast 50 recognition.
Through its own suite of proprietary offerings and in partnership with numerous global technology leaders, IceWEB, Inc. delivers advanced hardware, software, solutions and online services to U.S. government agencies, enterprise companies, small to medium sized businesses (SMB) and tech-savvy consumers.
A Microsoft Gold Certified Partner, IceWEB also utilizes a Software as a Service (SaaS) model that provides SMB customers with the same enterprise class technologies that were once reserved for large corporations. By subscribing to IceWEB's flagship products, IceMAIL and IcePORTAL, SMBs can enjoy the benefits of these more advanced and robust software systems on a low pay as you grow', on-demand' basis, instead of being subjected to large up-front capital costs typically associated with complex IT deployments.
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Coates International, Ltd. (Coates) (OTCBB: COTE) announced that on December 21, 2007, the Company entered into a placement agent agreement with Stonegate Securities, Inc. ("Stonegate") to act as its placement agent.
Stonegate has a demonstrated record for assisting companies raise new capital from institutional type investors. Barry C. Kaye, Director and CFO, stated, "This opportunity to become a viable participant in the institutional investor capital markets represents a very positive way to move into the New Year. We will initially be seeking approximately $10-$30 million of new capital during the first quarter of 2008 to provide us with sufficient working capital for our enthusiastic plan to ramp up production of our Coates Spherical Rotary Valve (CSRV) engine generators. Our marketing strategy is to first install our CSRV engine generators in the field, thereby enabling us to pursue a branding program designed to achieve worldwide recognition of our CSRV technology. This in turn will enable us to attract new opportunities for licensing our technology. We believe that being a participant in the institutional investor capital markets is also an important stepping stone for carrying out our longer term business plans in an orderly and timely manner. With the new low emission and fuel consumption legislation signed by President Bush, management believes the time has come for the implementation of the Coates CSRV Engine on a worldwide scale."
The agreement is for an initial ninety (90) day period in which Stonegate shall be the Company's exclusive placement agent ("Exclusivity Period"), and thereafter the agreement shall be non-exclusive until cancelled by either party on ten (10) days written notice. During the Exclusivity Period, Stonegate has the exclusive right to identify for the Company prospective purchasers in one or more placements of debt and/or equity securities to be issued by the Company, the type and dollar amount being as mutually agreed to by the Parties (the "Securities"). After the Exclusivity Period as the non-exclusive placement agent to the Company, Stonegate will have the non-exclusive right during the Contract Period to identify for the Company prospective Purchasers in one or more Placements of Securities, the type and dollar amount being as mutually agreed to by the Parties.
Coates has recently completed final refinements to a patented spherical rotary valve CSRV Industrial Internal Combustion Engine developed over a period of more than 6 years and other CSRV applications over 10 years. The underlying CSRV technology was invented by George J. Coates and his son Gregory. The CSRV system is adaptable to combustion engines of many types. This technology is currently adapted to a number of practical applications including industrial generators powered by engines incorporating the CSRV technology and designed to run on flare-off gas from oil wells, landfill gas and raw natural gas. The company is actively engaged in planning for production and rollout of these engines.
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